State government formulated a scheme to allow conversion of
residential leasehold plots under the GA Department within the area of
Bhubaneswar Municipal Corporation into freehold ... September 2003, the respondent applied for conversion of the
leasehold plot to freehold. In response to the application, the Revenue
Inspector in the GA Department
between the parties are that on 28th January, 1957
leasehold rights in respect of Plot No. 32, Nizamuddin East, Delhi measuring
approximately 1221 sq. yards ... with each other so as to effect sale of the entire leasehold plot
No. 32 Nizamuddin East, New Delhi, and construction thereon
to the vendee
leasehold
rights'. This also supports our opinion that assessee has more than
leasehold rights on the plot of land"
4.8 In this decision ... land comes to Rs.5,74,56,000/- for the said leasehold
plot admeasuring 3600 sqr. mtr. In our opinion it would be fair
words mentioned are “leasehold residential plots”
whereas with regard to property details given at Sl.
No.4, it has been mentioned that “all rights, titles ... auction notice. Auction of a leasehold
residential plot and auction of freehold residential
plot carries different connotations. Leasehold
rights are limited rights, which are subservient
probate to it. On 20th January 1966, these executors
assigned the leasehold Plot A1 and the building on it (then called the
Empire Building ... Plaintif-firm entered into an
agreement for assignment of the leasehold rights of Plot A1 and the
Empire Building, (by now included in Schedule
actual amount paid by the assessee for getting the
leasehold right in these plots is available on record, we do not find it
necessary ... Accordingly, the appellant has taken the market value of the
said leasehold plots, as on the date of allotment, as cost of acquisition,
relying
north and the Radio
Club to the south. The leasehold plot on which the building stands
is of about 1080 sq mts. It is owned
promoters. On 20.03.2009, the company applied for conversion of
the leasehold plot into freehold. Since it is the company's case that there
lease to one Vajkunvar Devchand Doshi in respect of a
plot of land being Plot No. 121, in Block II of the Backbay Reclamation
Estate ... Vachha Road, Bombay - 400 020
which had been constructed on the leasehold plot. Clause 9 of the said
agreement for monthly tenancy provided that
lease to one Vajkunvar Devchand Doshi in respect of a
plot of land being Plot No. 121, in Block II of the Backbay Reclamation
Estate ... Vachha Road, Bombay - 400 020
which had been constructed on the leasehold plot. Clause 9 of the said
agreement for monthly tenancy provided that
